Blyth to redeem $71.78 million 5½% senior notes due 2013 on July 10

By Marisa Wong

Madison, Wis., June 7 - Blyth, Inc. gave notice that it will redeem all $71,775,000 of its outstanding 5½% senior notes due Nov. 1, 2013 on July 10.

The redemption price will be the greater of par and a make-whole amount calculated at Treasuries plus 20 basis points.

The company said in a press release that it intends to fund the redemption using proceeds from a recent offering of 6% senior notes due 2017 and available cash.

U.S. Bank NA is the trustee.

Blyth is a Greenwich, Conn.-based direct to consumer business focused on the direct selling and direct marketing channels.

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